Tesla company is produced the first Roadster sports car in 2008, Tesla Motors Inc. (NASDAQ: TSLA), and its chief executive officer (CEO) has cemented their status as icons of technology and innovation. TSLA stock is digging in deeper. Tesla is one of the most well-known names focusing solely on electric cars. It has come under fire for production issues, slow deliveries, and burning through cash. Tesla is managing to produce roughly 4,300 units per week, but it is still reported revenues of $6.8 billion compared to $3.0 billion over the same period the previous year. Tesla company is meeting the 350,000 production mark and producing over 365,000 vehicles.
.Tesla’s Quarterly Deliveries 2012- Present
Tesla is following successful launches of Zip2, PayPal Corporation (NASDAQ: PYPL), and SpaceX. Most people are not knowing about the electric automotive company.
.Tesla Wasn’t Exactly Founded by Musk
When it is coming to Tesla and Musk that is difficult to think of one without the other. Musk is the founder of the company, but that is not the case.
.Tesla’s Designs Are Open-Sourced
Musk is creating sustainable transportation for everyone that enforcing patents on Tesla’s technology would be inhibiting. In essence, Musk is wanted the world to move in this direction, even if it came at Tesla’s expense. Resources and motivation could be building their electric car by using Tesla’s blueprints.
Musk was graduated from the University of Pennsylvania with degrees in physics and economics. He was shifted to California to begin work towards a Ph.D. in physics at Stanford. Musk is not taking long to decide that the graduate program wasn’t for him. He is focusing on the software company, Zip2, instead.
.Tesla’s Sales Model Is Illegal in the Most States
Tesla’s sales model is one of the unique in the auto industry, but it is illegal. Tesla doesn’t have any dealerships. It is operating showrooms and consumers can see some of the vehicle models up close. You can learn about their features. There are no traditional salespeople, test drives are limited or even unavailable in certain locations, and showroom personnel direct buyers to the website when they are ready to make a purchase.
.Tesla Comes With a Built-In Insane Mode
Models with the P85D engine can be flipping the car to Insane Mode and it is covering the distance in 3.2 seconds. Cars with the P100D engine is having a similar Ludicrous Mode, a clever nod to Spaceballs, and one of Musk’s favorite films. If you want to know more information relating to news of TSLA, you can check at
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.